Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Digital
How fintech is driving the new age of retail agility
With digital transformation driving change in the retail industry, here are some important trends to bear in mind.
FinTech Futures Jobs: Three exciting roles to apply for this week
Exciting open vacancies at Starling Bank, Funding Circle and Crowdcube. Apply today!
Mambu valued at €4.9bn after bumper €235m Series E round
The round is the largest private fundraise for a banking software platform to date.
ICYMI funding round-up: Trolley, TSLC, and Freetrade
With the ever fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
Payroll start-up Pento raises $35m in Series B
The Series B was co-led by new investor Tiger Global and existing investor Avid Ventures.
UK paytech Rapyd acquires Neat for Asian expansion
Neat provides a cross-border trade enabling platform for small businesses and start-ups.
Paytech Recharge.com hires David Lindheimer as CPTO
The appointment will bolster the paytech’s global expansion plans, CEO says.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
Dutch digital bank Bunq partners with Tulp to offer mortgages
Challenger says it will become “the first European digital bank to start offering mortgages”.
Nordic bank SEB to automate billing ops globally with SunTec
SunTec’s Xelerate platform will digitise SEB’s sales process globally.
Battle for crypto supremacy like tortoise and hare fable, says Hyphe CEO
With regulation comes legitimacy, clearing the way for traditional FIs to offer digital currencies to their clients.
Anti-money laundering regtech Hummingbird secures $30m in Series B round
New funding brings the total raised to date by the start-up to $41.8m.
Financial services app Lydia hits unicorn status with latest funding
Paris-based Lydia has raised over $100 million in new funding.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Better.com CEO apologises after laying off 900 workers over Zoom
CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
Banking start-up Hatch rebrands as Nearside, raises $58m in Series B
Founded in 2019, Nearside focuses on “the smallest of the small businesses” in the US.
Accounting software firm Tipalti hits $8.3bn valuation with $270m Series F round
Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
Digital wealth manager Wealthsimple exits UK
All eligible accounts will be transferred to Moneyfarm in January.
WeLab to launch new digital bank in Indonesia following BJJ acquisition
WeLab has raised $240m to fund the acquisition – “the largest fintech funding in Indonesia in 2021”.
Temenos lands core deal in Gibraltar with Trusted Novus Bank
The bank will implement Temenos Transact and Temenos Infinity, delivered on a cloud basis.
Finnish paytech Enfuce raises €45m in Series C round
The Series C investment round was led by Vitruvian Partners, with participation from Tencent.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
DIY investment platform Tillit launches
Tillit offers “a curated investment universe, exclusive content and a fee that is based on time rather than wealth”.
Digital transformation in mortgages: beyond weathering the storm
With the high demand for mortgages in the UK, digital transformation efforts in the space have accelerated.
White paper: The innovator’s guide to the digital-first contact centre
Social and messaging are well on their way to become mainstream contact centre channels.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
White paper: Cloud contact centres for financial services – delivering agility and superior CX at scale
Enabling financial services organisations to stay agile and elevate the customer experience.
Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
Novi chief and co-creator of Diem David Marcus to leave Meta
Marcus is stepping down to pursue new entrepreneurial opportunities after seven years at the firm.
AMP appoints new CTO, Felicia Trewin
Felicia Trewin will start her tenure in March 2022 and join AMP’s executive committee.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
The path forward for open banking payments
At a time when banks have lost ground in the market, open banking payments provide an opportunity to respond.
FinTech Futures Jobs: Three really cool jobs you can apply for this week
Exciting open vacancies at Klarna, Starling Bank and Funding Circle. Apply today!
Fintech funding deals globally 29 November – 5 December 2021
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Finance reporting start-up Abacum gains $25m Series A funding
The company provides a SaaS platform for streamlining reporting and improving forecasting accuracy.
Republic to buy Seedrs to create global private investment player
The $100 million deal brings together the US and UK-based partners.
Microsoft met with criticism over BNPL plans for Edge
Microsoft has partnered with Zip to offer a BNPL payment option in its Edge browser.
